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International Business Times
International Business Times
Business
Nica Osorio

BIZARRE: Cftc chair pushes for sweeping regulatory overhaul after landmark us bitcoin etf approval | Mind Blowing Facts

CFTC Rostin Behnam United States Bitcoin SEC Crypto

KEY POINTS

  • Behnam said last month some crypto assets constitute commodities under existing laws
  • He also acknowledged the ongoing turf war between CFTC and SEC
  • Behnam said the approval of Bitcoin ETFs introduces risks

In less than a month after the U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin exchange-traded funds (ETFs) in the country, Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam raised significant concerns about the newly approved cryptocurrency investment vehicle and called for a federal-level legislation to regulate the dynamic cryptocurrency landscape.

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